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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: Felicia P who wrote (969)	8/4/1998 5:55:00 PM
From: billy	Read Replies (1) \| Respond to of 1288

yes the genesis group has or had 5000000 at .70,that is keith and grant

To: Felicia P who wrote (969)	8/4/1998 6:44:00 PM
From: AL Berta	Respond to of 1288

Like any other small start-up, the company has granted options and financed through P.P. The guys at Genesis Group (Grant Young et al) have had quite a number of dogs to promote in years past. They have also had some success stories. The long & short is, they know the difference between the two. They are not selling. I am aware of a number of the P.P. and options holders and I'm not aware that any of them are selling significant quantities of stock. They believe this stock is going to $4.00 and beyond in the very near term. Tons of people came into the stock at above $2.50. and some above $3.00. If anyone is selling, I believe it is them. The ones who were looking for the "quick-hit" as the stock broke toward $5.00. Needless to say, the stock corrected from $3.95 to where it is now. Rather than wait, they see opportunity elsewhere and are moving. I think they are being very short-sighted but I don't fault them. I too moved out at $2.30 and back in at $1.60. I am now carrying more than double the position I previously had and am looking forward to more than a double in value. I believe the stock will begin moving before the week is out and by the end of this month, we shall all be greatly rewarded. The stock will not go any lower than $1.65 however in the near-term. Best Regards, AL.

To: Felicia P who wrote (969)	8/5/1998 8:31:00 AM
From: StockPro	Read Replies (1) \| Respond to of 1288

... do you know if there have been any cheap private placements or cheap options granted ... Felicia, you might find the documents on file at the SEDAR web-site interesting ... sedar.com A simple browse through those documents indicates millions of share warrants issued in the past year at prices ranging from $0.70 to $1.00. Also, a read through the Management Information Circular issued for the company's latest AGM reveals hundreds of thousands of management stock options at prices varying from $0.27 to $1.00. Although company shares issued and outstanding as at Dec. 31, 1997 are reported at approximately 24« million, I believe the fully diluted number is closer to about 32 million shares. This gives you a rough idea of the number of special warrants and options outstanding. Good Luck!